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The result is a much more powerful borrower / business owner / real estate investor. Someone with exponentially more. More safety, more cash flow, more capital, more freedom. It's just math friend.
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How To Get Unstuck Financially & Live A More Abundant Life: ► ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-wTqQJLkjqfA.html How I’m Living For Free in Colorado (And Watching My Wealth Grow!): ► ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-IBkqfTIhnNA.html
Happy to report we took your advice & did the Vocal Budgeting, asked our friends & family to each contribute small bits that added to a huge sum, found a nearby wedding decor rental supplier, ended up spending under $5k and it was a smashing success, absolutely gorgeous & standout wedding 💯 🤘🍻 much love brother thanks again, talk soon
The FICO score system is the dumbest system I have ever seen whoever invented it the way it is must be a 4 year old. If you pay off your mortgage or loan they actually penalize you and your score gets lowered, But if you have 9 loans out there and live paycheck to paycheck to pay them off your score goes up. This is how stupid the system is. So they pretty much penalize you for paying off your bills and lower score when it should be the opposite, Your score should go up if you pay off a bill, So the person or company who came up with this system must be an idiot.
Let’s put it this way - say someone knocks on your door once a year to give you $1,000 cash. Is that still barely anything to you or are you looking forward to their visit every year?
You’re not taking into account people losing their jobs on this market also so I’m not so sure about prices going up but time will tell also you have black rock buying everything too
AFTER 3 PLUS YEARS OF PUCK YOU RATES AT 7 , NOW OBAMA MAKES IT LOWER FOR AN ELECTION . GAS WAS 5 A GALLON NOW DOWN TO 2.75 FOR AN ELECTION. HOPE MILK AND EGGS ARE NEXT OAMAMA OR IS IT O'BIDEN ?
There is a reason they don’t teach amortization in school. All bankers are thieves. Unfortunately, now they want not just your money, but ownership of all natural resources, all intellectual resources including our thoughts and our very souls. Happy apocalypse everyone.
Social Security and strategic funding retirement plans, such as 401(k), IRA, and pension plans, can provide a sustainable income stream and financial security in retirement.
That’s correct. And don’t forget to take advantage of employer matching. It’s essentially free money that can significantly boost your retirement savings.
Social Security typically replaces 40% of pre-retirement income. Supplement with retirement accounts and other sources to ensure a comfortable retirement.
Absolutely. My financial advisor recommends maximizing 401(k) contributions and exploring annuity options. This strategy provides a substantial retirement income stream and help ensure financial security.
The tyrant, who in order to hold his power, suppresses every superiority, does away with good men, forbids education and light, controls every movement of the citizens and, keeping them under a perpetual servitude, WANTS THEM TO GROW ACCUSTOMED TO BASENESS AND COWARDICE, has his spies everywhere to listen to what is said in the meetings, and spreads dissension and calumny among the citizens and impoverishes them, is obliged to make war in order to keep his subjects occupied AND IMPOSE ON THEM PERMANENT NEED OF A CHIEF. Aristotle
Great info! I never bought into the whole retirement accounts strategy. If you research them enough, give it some critical thinking, you can clearly see why they are pushed so hard and who benefits the most from them….its not the investor 😂
Reasons deferring taxes can work: 1) save at marginal rate vs pay at average rate 2) state taxes, which you can move away from 3) charitable giving. QCD doesn't require itemizing.
not to mention the fact that youre avoiding years of tax drag to potentially build a larger nest egg. Then there are roth accounts that don't suffer from tax drag at all. As far as I'm concerned the life insurance pyramid scheme is a scam. Yall insane. Or talking your book.
How do business owners have more control when something like covid happens? 99% of businesses fail. Dollar cost averaging has never failed anyone in a tax deferred retirement account. This is terrible advice.
The average retirement account at 65 is less than 300k from everybody that followed that conventional advice. Seems like a failure to me unless you think you can retire on 300k in this world lol
It is actually about 45% fail in the first 5 years. And at 15 years you are at 80%. Dollar cost averaging fails when you failed to invest enough. Or when like many Americans they pull that money out of the retirement account. If people invest 15-20% in low cost index funds and don’t pull it out then yes it is 100% win and they can become millionaires.
@@Dc343jfu4yes I could as the average pension is $500 a month. But I won’t have to as I am not doing what the average American does and that is pull money out of their retirement accounts. Also remember that number is of the people who actually saved it is much lower when you include people who have done nothing.
I think it should also be mentioned that the majority of business owners do not succeed. I can understand that if you are a successful business owner you most likely can outpace the 10% returns from a tax deferred 401k. But I generally think this is not good advice for the average person. The average person is not going to be able to succeed in business. They need to put their money away for the long-term and having it automatically taken out of the paycheck is also good for the average person that doesn't have the discipline to save. The majority of people calling in to Dave Ramsey that are in financial trouble are business owners. I don't think this is good advice for the average person.
Thanks for the comment - this is certainly something to consider. Some people are not cut out for business and even those who are won't be guaranteed success - if it were easy everyone would do it!
If you need life insurance they say to do a Term Policy. Insurance and Investments should never be cold mingled. They both have a purpose that is independent of each other.
Would you recommend roth 401ks and Roth iras? Both of my employers offer Roth 401k so my money can grow tax deferred. I also have an HSA investment that cannot be taxed. Would you not recommend these?
Yes, I'd recommend those for sure - Roths are solid and so are 401k's - this video was just one perspective - obviously most people will be best suited to run with whatever plan their job offers and supplement beyond that. That said, there are ways to generate more wealth for retirement like the ones talked about in this video. The added potential does come with added effort and may come with added risk as well (starting a business for example). These won't be good for everyone as consistency is the most meaningful aspect in building a nest egg for retirement. The best and most basic advice is this: find something you can be consistent with and stick with that.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Matt I for one love this new format; gives us valuable insight to your personal priorities & mindset, which happen to align with my own, which makes me feel all the better about my choice in trusting your guidance & applying it to guiding my own family. Well done sir. -Bill
Find out if becoming your own banker is a good fit for you and your family by emailing MC at: ► ** ninja@vipfinancialeducation.com ** Please include your name & phone number in your email and 'IBC' in the email description.
Timestamps: 0:00 - Intro 1:12 - Fed Rate Drop 2:32 - What Does This Mean For You? 3:05 - Impact on Mortgages 5:16 - Impact on Real Estate Market 9:07 - Why the Fed Did This
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Zero advice from this video and why the heck are vectors and matrices spinning on the bottom? Doesn’t make this smarter, just tries to cover how this adds zero value. Know your niche.
If the heloc credit counts as a second mortgage, if the borrower declares bankruptcy, they are more likely to lose their primary residence. Cc debt is not secured. Please correct me if I'm wrong.
With markets tumbling, inflation soaring, and the Fed imposing large interest-rate hike which means more red ink for portfolios. I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio, or are there ways I can safely profit from this volatile mkt?
An uptick in volatility is not necessarily a bad thing, there are opportunities to be found even in this whirlwind. Best advice just get yourself a seasoned advisor to guide you in this current market
Exactly why i enjoy my day to day market decisions being guided by a portfolio-advisor, seeing that their entire skillset is built around going long and short term at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform. I've been using an advisor for over 4 years since the pandemic, and I've netted approx. $1.3m after 100s of thousands invested so far.
excellent share, curiously inputted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
